PeopleSoft Payables 9.1 Essentials (1z1-573) Free Practice Test

Question 1

Where do you define recurring vouchers?

A. The Voucher Build Criteria page: Set Up Financials/Supply Chain>Product Related>Procurement Options>Vouchers>Voucher Build Criteria

B. The Define User Preferences page: Set Up Financials/Supply Chain>Common Definitions>User Preferences>Define User Preferences

C. The Voucher Origin page: Set Up Financials/Supply Chain>Product Related>Procurement Options>Vouchers>Voucher Origin

D. The Set Controls-Contracts page: Set Up Financials/Supply Chain>Product Related>Procurement Options>Purchasing>Set Controls-Contracts

E. The Session Defaults page: Set Up Financials/Supply Chain>Product Related>Procurement Options>Vouchers>Session Defaults

Correct Answer: C

Question 2

A vendor has five locations - one each in the New York, Germany, France, Italy, and the UK. How many vendor ID numbers should be created?

A. Two Vendor IDs - one representing the US and the second for all European countries

B. One Vendor ID

C. Three Vendor IDs - one each for the US, the UK, and the European Union

D. Five Vendor IDs representing each country

Correct Answer: A

Question 3

Vendors can have multiple addresses and multiple locations. Addresses are the physical addresses of the vendor; a location corresponds to a unique way of doing business. Identify the four correct statements regarding locations.

A. Specifies matching options if matching is used to approve vouchers for payment

B. Defines a number of payment parameters that are used during payment processing

C. Generates separate checks for each voucher at the location level

D. Defines payment terms and banking information for the vendor

E. Defines the primary physical address where business is conducted

Correct Answer: A,C,D,E

Question 4

Which three Document Association groups are delivered by PeopleSoft?

A. Voucher-PO (VP)

B. Req-PO-Voucher (RPV)

C. Voucher-PO-Receiver (VPR)

D. Voucher-Receiver (VR)

E. PO-Receiver (PR)

Correct Answer: A,C,E

Question 5

Which two drilldowns are available from the voucher inquiry page?

A. Match Workbench

B. Voucher details

C. Voucher entry page

D. Journal entry page

Correct Answer: D

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 6

All the following settings are "Optional" when entering vendors into the PeopleSoft application. The only exception is _____.

A. Set financial sanctions options using the Installation Options component

B. Define government certifications

C. Set up matching options

D. Define ship-to-locations

E. Define pay group codes

Correct Answer: A

Question 7

At the location Set Up Financials/Supply Chain>Product Related>Procurement Options>Vouchers>Session Defaults, what three Voucher Session Defaults can be defined?

A. By SetID

B. By User

C. All Users

D. By Primary Permission List

E. By User Groups

Correct Answer: B

Question 8

Besides PeopleSoft Payables, which two modules are required for payment netting?

A. PeopleSoft Receivables

B. PeopleSoft Billing

C. PeopleSoft Order Management

D. PeopleSoftCash Management

E. PeopleSoft General Ledger

Correct Answer: B,C

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Oracle PeopleSoft Payables 9.1 Essentials (1z1-573) Free Practice Test